SGX Group is part of the 1,200-strong TNFD Forum, which helped develop the beta version of the framework released in March 2022.
Following several months of consultation, the Taskforce on Nature-related Financial Disclosures (TNFD) published on Sept 18 its inaugural risk management and disclosure framework, designed to create a global standard for corporate reporting of biodiversity- and nature-related risks.
Launched in 2021, the TNFD comprises 40 senior executives drawn from leading financial institutions, corporates and market service providers, with combined assets of over US$20 trillion ($27.5 trillion).
